Latest UK interest rate to be announced
The UK's inflation rate rose to 3.3% in the year to March 2026, up from 3% in February. The Bank of England's base rate has been cut several times since August 2024, reaching 4% before being held or cut further.
The UK's inflation rate has risen to 3.3% in the year to March 2026, up from 3% in the year to February. The inflation rate had previously peaked at 11.1% in October 2022 due to the war in Ukraine. The Bank of England's base rate reached 5.25% in 2023 and remained at that level until August 2024, when it started to be cut. Five cuts brought the rate down to 4%. The Bank then held rates in September and November 2025, before cutting again in December and holding in January and March 2026. The latest interest rate is expected to be announced.
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